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Started By
Message
Gas prices still going down
Posted on 11/10/14 at 12:18 pm
Posted on 11/10/14 at 12:18 pm
Will this continue and is Opec gonna help it go down more?
This post was edited on 11/10/14 at 12:27 pm
3
Posted on 11/10/14 at 12:21 pm to themunch
Damn you Obama
Posted on 11/10/14 at 12:22 pm to JEAUXBLEAUX
I think resources may open up again with anticipation of his leaving.
Posted on 11/10/14 at 12:24 pm to JEAUXBLEAUX
quote:
Damn you Obama
Prices are coming down now that Republicans have taken Congress and now that Obama is a Lame Duck.
Posted on 11/10/14 at 12:51 pm to constant cough
quote:
Prices are coming down now that Republicans have taken Congress and now that Obama is a Lame Duck.
Prices will inevitably go back up. What will be the reason for that?
Posted on 11/10/14 at 12:53 pm to constant cough
quote:
Prices are coming down now that Republicans have taken Congress and now that Obama is a Lame Duck.
Prices are coming down because of the massive amount of crude oil available in the global market place
Has nothing to do with a republican congress and Obama being a lame duck. They've been going down well before the election results.
Posted on 11/10/14 at 12:56 pm to themunch
Shale and fracturing are the reason for the lower prices. We have a lot of supply on hand. That and a slow European economy.
This post was edited on 11/10/14 at 12:57 pm
Posted on 11/10/14 at 1:09 pm to themunch
I heard on. The radio this morning that prices are about to go up due to outlooks that oil prices are about to go back up
Posted on 11/10/14 at 1:13 pm to themunch
quote:
I think resources may open up again with anticipation of his leaving.
What resources?
Posted on 11/10/14 at 1:14 pm to Powerman
quote:
Prices are coming down because of the massive amount of crude oil available in the global market place
More to do with a stagnating Asian and Euro economy than anything else.
Posted on 11/10/14 at 1:21 pm to themunch
It also has something to do with ISIS selling a pretty substantial amount of oil on the black market for half of what legitimate regimes are charging. That's what sparked this price war with OPEC in the first place. OPEC is cutting prices to try to keep ISIS oil from beating them in the marketplace.
Posted on 11/10/14 at 1:22 pm to JEAUXBLEAUX
quote:
Damn you Obama
Obama HATES low gas prices. This is killing him.
Posted on 11/10/14 at 1:25 pm to kingbob
OPEC is only ramping up production and flooding the market because they've finally taken shale and fracking seriously. Shale and fracking are only economically viable at a certain price. The Saudis realize this and are doing all they can to get it below that price consistently before oil companies figure out how to make shale and fracking more efficient.
Posted on 11/10/14 at 1:34 pm to kingbob
quote:
It also has something to do with ISIS selling a pretty substantial amount of oil on the black market for half of what legitimate regimes are charging. That's what sparked this price war with OPEC in the first place. OPEC is cutting prices to try to keep ISIS oil from beating them in the marketplace.
You reached to far up your arse for that one.
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